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>> caller: what is your feeling on first energy. >> first energy has been going down along with the rest of the utilities. you take your first -- don't buy it until it gets to $6. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield. let's do more work, the-year-old is gigantic. i think it will end up being a red flag, it's a challenge flag and i think it's going to be a good challenge. let's go to tom in wisconsin. tom? >> caller: hey, jim, i'm calling from a nursing home. i want to ask you about a company rvc, regal bullet corporation. >> listen to me, partner, first of all thank you for calling in. that is a great industrial company, it's done nothing for a long time. i want you to stick with it. it's got a good yield, it's a very well run company, i have liked it for 35 years. keep it. let's go to jason in virginia. >> caller: i need some help, the stock emed, they re
>> caller: what is your feeling on first energy. >> first energy has been going down along with the rest of the utilities. you take your first -- don't buy it until it gets to $6. >> i'm going to new york and marc. >> caller: i just know what i should do with mellonox. >> i want to sell the stock. let's go to lewis in florida. >> caller: jim, boo-yah. i'm interested in northern tier energy. nti. >> i don't trust that yield. i don't trust that yield....
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Dec 11, 2012
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don't miss the ceo of enbridge energy. all coming up on "mad money." >>> moments like this when everybody is terrified that our economy could slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slowing economy. for example biotech companies that can thrive even during a recession, because that's the type of thing you don't cut back on, no matter what. this week we caught one of those medical conferences that will tell you which ones have the most upside. it's the american academy of pharmaceutical companies. i'm highlighting not one but two small cap biotechs. let's start with immunogen. it develops next generation cancer drugs that allow chemotherapy agents to directly target a tumor. immunogen rose from $11.50 to about $18 on bullish expectations about a breast cancer treatment. then at the end of october, the stock got pulverized when we learned that immunogen has a less than optimal royalty with this drug. even if the drug becomes a
don't miss the ceo of enbridge energy. all coming up on "mad money." >>> moments like this when everybody is terrified that our economy could slide back into a government induced recession next year, i got to start looking at high quality companies that are immunized against this slowing economy. for example biotech companies that can thrive even during a recession, because that's the type of thing you don't cut back on, no matter what. this week we caught one of those...
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Dec 6, 2012
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commissioned by the department of energy that gave its blessing to the idea of exporting the fuel via liquefied natural gas terminals, it's a positive for the natural gas stocks. maybe the biggest beneficiary and you might not have thought of it, dominion resources, letter "d." it's a major utility for providing electricity to customers in west virginia, pennsylvania, and north carolina. the company used to have an oil and gas business but sold that off years ago at the top. dominion now is a gas ticker as they hope to build an export facility in maryland and it seems more likely this project will be approved in the wake of yesterday's pro nat gas report. the company has a history of raising the dividend to boot. and because it's a utility, you don't have to worry about the impact on the fiscal cliff because utilities are as consistent as it gets while we know business itself is very skittish from the cliff and this company has a lot of business clients. the chairman, president, and ceo of dominion resources to hear more about where a company's headed. welcome back to "mad money." >>
commissioned by the department of energy that gave its blessing to the idea of exporting the fuel via liquefied natural gas terminals, it's a positive for the natural gas stocks. maybe the biggest beneficiary and you might not have thought of it, dominion resources, letter "d." it's a major utility for providing electricity to customers in west virginia, pennsylvania, and north carolina. the company used to have an oil and gas business but sold that off years ago at the top. dominion...
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Dec 7, 2012
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meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financi
meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel, natural gas. so cheap here it can be liquefied in the united states and sold overseas at much lower prices. potential exporter dominion later tonight. that business unimpeded by washington could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill...
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Dec 13, 2012
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economy. >> thank you for all you've done to make the continent more energy independent. i thank you for being on the show, mark papa. >> thank you, jim. >> okay. that's mark papa, the chairman and ceo of eog resources. this man has found more oil for his shareholders than any other company i follow which is why it's been a great producer for not just oil but also for profits in the stock market. i'll try to make you more money. >>> coming up, overpowering? eaton's been on a roll since announcing acquisition of cooper industries. now that the deal is closed can this stock still light up the ticker? or is it time to pull the plug? don't miss cramer's exclusive with the ceo. >>> lately the industrials have been coming back with a vengeance. today we got news of a host of industrials. big mines, reporting much better than expected future quarters, even though this was just okay. cummins, truck engine company announced a billion dollar buy back. dupont surprisingly bullish global gdp forecast for 2013. the fact we like the tide turning for this cohort, we tend to own the stoc
economy. >> thank you for all you've done to make the continent more energy independent. i thank you for being on the show, mark papa. >> thank you, jim. >> okay. that's mark papa, the chairman and ceo of eog resources. this man has found more oil for his shareholders than any other company i follow which is why it's been a great producer for not just oil but also for profits in the stock market. i'll try to make you more money. >>> coming up, overpowering? eaton's...
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Dec 13, 2012
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we need to provide it for energy security. many nations we buy oil from are anna l anathetical to the american way of democracy. we are fighting our enemies and it could end in the foreseeable future. but there is a second component that should have you steamed it had me steamed almost as much as my outrage at the fiscal cliff discussion in washington. i had to use the term fiscal cliff. hadn't used it yet in this piece. i'm talking about the skaunterred opportunity in natural gas. he was quite bullish in the price of oil. chinese keep it up. we have an umbrella that makes it worth our while to get hard to get oil. as plentiful as oil is, there is a gigantic glut for natural gas, and the opposite of oil, all papas talked. more nat gas than we know what to do with. we have no place to put it and not enough places to use it. and natural gas isn't fungible. it costs fortunes to transport overseas and barely economical when transported overseas. the best use is in this country. and we need to harness natural gas to make product mo
we need to provide it for energy security. many nations we buy oil from are anna l anathetical to the american way of democracy. we are fighting our enemies and it could end in the foreseeable future. but there is a second component that should have you steamed it had me steamed almost as much as my outrage at the fiscal cliff discussion in washington. i had to use the term fiscal cliff. hadn't used it yet in this piece. i'm talking about the skaunterred opportunity in natural gas. he was quite...
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america's on track to become one of the world's top energy producers. and eog resources has been leading the way in some of the country's largest finds. can this oily play continue to produce slick gains? cramer drills down in his exclusive with the ceo. and later, overpowering? e tunes have been on a role since announcing its acquisition of grant cooper industries. now that the deal is closed can this stock still light light up the sticker or is it time to pug the plug? don't miss cramer's exclusive with the ceo all coming up on "mad money." >> don't miss a second of "mad money." follow jim cramer on twitter. have a question? #madtweets. send jim an e-mail to mad money at cnbc.com. or call us at 1-800-743-cnbc. head to madmoney.cnbc.com. ♪ [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs.
america's on track to become one of the world's top energy producers. and eog resources has been leading the way in some of the country's largest finds. can this oily play continue to produce slick gains? cramer drills down in his exclusive with the ceo. and later, overpowering? e tunes have been on a role since announcing its acquisition of grant cooper industries. now that the deal is closed can this stock still light light up the sticker or is it time to pug the plug? don't miss cramer's...
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Dec 5, 2012
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the department doesn't believe going over the cliff will stifle energy command. today is the first day when the group got any lift at all. so what do we do? people are worried the economy is slowing because of the cliff. so what do we do? is it game over for equities should i take my -- hall of fame today and just go home? no, no, no. let me first say absolutely not. we simply have to get eveninger to a cliff resolution or to a situation where no one expects resolution. going with the latter, hey, that is new. let me walk you through here. today last week. last week, genuine hope a deal would get done. today, last week. if you recall, we heard from a host of executives. they met with the president. came out, the mic in their faces. they felt like compromise was in the air. compromise was real, imminent. even heard from the always skeptical ceo of goldman sachs. far apart. it could be hammered out without real difficulty if it were in the private sector. behind the scene, from skeptical to more positive. when i heard those execs touch base with them and spoke with
the department doesn't believe going over the cliff will stifle energy command. today is the first day when the group got any lift at all. so what do we do? people are worried the economy is slowing because of the cliff. so what do we do? is it game over for equities should i take my -- hall of fame today and just go home? no, no, no. let me first say absolutely not. we simply have to get eveninger to a cliff resolution or to a situation where no one expects resolution. going with the latter,...
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Dec 6, 2012
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we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >> essentially we're talking about the ford fusion hybrid and the ford c-max hybrid. both of those models claim, according to ford, they are believed to get 47 miles per hour. that's how ford advertises them. that's on the sticker eer on t windows. consumer reports brought them in, did the testing. according to consumer reports, the fusion and c-max hybrids do not get 47 miles per hour. the c-max gets 37 miles per gallon. those are dramatically lower than 47 miles per gallon. just for some point of reference, these are important vehicles for ford because as ford develops that hybri
we're looking at pressure across the board in the energy sector. that's good news for people driving over the holidays. we're looking at gas prices coming down. futures market and prices at the pump, only ten cents higher than a year ago. back to you guys. >> sharon, thank you. well, consumer reports out with a new report on ford's top hybrids and their big mileage claims. the results, let's just say, are not ideal for ford. phil lebeau joining us here. what is the news? >>...
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we think of it as energy everywhere. >> on demand energy. >> because here we are. it's a rainy day. if we had a solar panel, what would happen? it's not working. but we're generating electricity and you're charging your phone right now. >> so you have the patents. what do you have? what do you own about this? >> sure. absolutely. so we do have patents in the u.s. and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and scientists who are not only developing cook stoves but a whole range of energy technologies. and so where we really see our role as a company is in providing personal scale energy access that's affordable and safe and reliable. >> talk about affordability. how much is this? >> these stoves are $130. >> okay. now, you are in brooklyn, new york. but you don't make these here, right? >> we don't. >> you have a factory -- >> we manufacture -- we manufacture in asia. and then -- but it's all based on the designs and the engineering of the team right here in new york. >> now, i've looked at this in the videos. how long does it tak
we think of it as energy everywhere. >> on demand energy. >> because here we are. it's a rainy day. if we had a solar panel, what would happen? it's not working. but we're generating electricity and you're charging your phone right now. >> so you have the patents. what do you have? what do you own about this? >> sure. absolutely. so we do have patents in the u.s. and in asia, africa, and europe. but in addition to that we have an incredible team of engineers and...
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Dec 12, 2012
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i called you about spectra energy. today with the acquisition of the pipeline and the 9% dividend what do you think i should be buying? >> i like spectra. can i state that i think that kmp is a good opportunity down here? that got hit real bad. i would snap that one up in a heartbeat. let's go to jack in new york. >> booyah from brooklyn. >> i'm going to be there later this evening, we ought to hang out. >> fedex is reporting record holiday package shipments. with the fiscal cliff looming, do you think that will carry their shares into the next point? >> we were going back and forth after a very frustrating day where dollar general blew up. how come fedex acts badly? maybe that wasn't such a good day yesterday for federal express and for urgent mail. but we are holding onto it for now. every stock has been tipping itself lately. you know, i like companies so much more than congressmen. it is going to be very hard for democrats and republicans to compromise. i cannot blame people for being cautious. i did get a lot of g
i called you about spectra energy. today with the acquisition of the pipeline and the 9% dividend what do you think i should be buying? >> i like spectra. can i state that i think that kmp is a good opportunity down here? that got hit real bad. i would snap that one up in a heartbeat. let's go to jack in new york. >> booyah from brooklyn. >> i'm going to be there later this evening, we ought to hang out. >> fedex is reporting record holiday package shipments. with the...
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Dec 10, 2012
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secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this trance ak. >> that's a great question, mandy. you are broadcasting from northern jersey, right sni think you recently you learned how important electricity grids are, right? when you don't have electrical power bb life becomes very bad. a123 is making product that helps control the electricity grid system. do we want the chinese owning this technology? the possibility for sabotage is after t astro nom cal. >> maybe they have the cash to put it underground. >> the price of saving these jobs is forbiddingly high. we shouldn't even be thinking about it. we h
secondly, this makes a mock rift green energy policies. the main rational for which was we don't want these so-called industries of the future controlled by foreign countries and by foreign companies. and here we are, transferring all of this property over to a chinese company. and there was an american buyer. there was an american buyer. an american-owned option. >> on that point, alan, is there any sensitive technology or information that is going to be given to the chinese through this...
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bank, speculative energy play, real technology company. man, you know what you need here, you need like bristol-myers or something like that. and certainly like let's put an industrial in there, how about honeywell? dave cote's doing a great job. that would spruce up this portfolio. do we have like -- are we r-rated? do we have like -- i think we're probably okay. i don't want the hollywood sensors to crack down on me. let's go to dave in wisconsin. dave? >> hey, big wisconsin boo-yah to ya. home of the harley davidson. >> yeah. >> caller: gis, general mills, proctor gamble, pg, kellogg's, k, ibm, ibm, jpmorgan, jpm. >> i do have a harley in my garage it's a great-looking machine and i'm proud of having it. kellogg's, i think that is -- battle creek, michigan, terrific food company, jpmorgan, good bank, general mills, well, wait a second, we've got two of a kind. that's a match game one. i'll come back to that. procter, my charitable trust bought today. ibm, also charitable trust. we're going to keep kellogg, we're going to -- oh, boy, pen
bank, speculative energy play, real technology company. man, you know what you need here, you need like bristol-myers or something like that. and certainly like let's put an industrial in there, how about honeywell? dave cote's doing a great job. that would spruce up this portfolio. do we have like -- are we r-rated? do we have like -- i think we're probably okay. i don't want the hollywood sensors to crack down on me. let's go to dave in wisconsin. dave? >> hey, big wisconsin boo-yah to...
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we'll continue to watch what happens in the energy sector as well as we wait for the energy department's report coming out at 10:30 on oil supplies and right now we see a pop before numbers come out. the industry data that came out showed a big drawdown. we'll see what that shows and keep your eye on natural gas. we saw natural gas hitting almost a three-week low coming up from those levels right around those levels right now so we'll continue to watch natural gas prices as well. back to you. >> thank you, sharon epperson. starbucks making a heavy metal move. how much will it cost you. we have the answer coming up. in a little more than an hour from now, president obama will address the fiscal cliff before ceos at the business roundtable. we'll bring you live coverage including the q & a session. as we head to break, look at movers on wall street. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so
we'll continue to watch what happens in the energy sector as well as we wait for the energy department's report coming out at 10:30 on oil supplies and right now we see a pop before numbers come out. the industry data that came out showed a big drawdown. we'll see what that shows and keep your eye on natural gas. we saw natural gas hitting almost a three-week low coming up from those levels right around those levels right now so we'll continue to watch natural gas prices as well. back to you....
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but the biggest mover in the energy space today, definitely natural gas. because it's 60-degrees-plus in december today. possibly we'll see an injection to storage even though, yes, it is the month of december. that is the reason why traders are selling that gas right now. back to you. >> all right. thanks very much, sharon epperson. perhaps the largest dollar deal of the day, it is not a merger monday. don't be mistaken, of course. we haven't had many of them. but we have an announcement of a deal, maybe a strong possibility on friday, ilfc, owned by aig, on the block, is going to be sold to the chinese. in a deal in which the unit itself is being valued about $5.28 billion. there you have a look at aig's stock price, which we'll get to in a moment. 81.1% being sold for $4.2 billion. an option to buy another 10% of the company. and finally, but roughly 10% will continue to be held by aig. an investor group, led by the chairman of new china trust that will be doing the buying here. it will require approval to the various regulators, including the review th
but the biggest mover in the energy space today, definitely natural gas. because it's 60-degrees-plus in december today. possibly we'll see an injection to storage even though, yes, it is the month of december. that is the reason why traders are selling that gas right now. back to you. >> all right. thanks very much, sharon epperson. perhaps the largest dollar deal of the day, it is not a merger monday. don't be mistaken, of course. we haven't had many of them. but we have an announcement...
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so take 5-hour® energy. just open it up, knock it back and roll up your sleeves. 5-hour energy® is faster and easier than coffee... man, does it work! you'll get that alert, energized feeling you need to get stuff done... a lot of stuff. wow! look at you go. >>> if you believe the housing recovery is here to stay, take a look at lumber liquidators, ll for you home gamers. we're big fans of housing related here on "mad money." it's a major retailer of hardwood floors. the kind of thing you buy to spruce up your home or build a new one. lumber liquidators has been on a huge run, about 200% since the beginning of the year, but pulling back over the last month, now about six points off of its high, in part because you have to believe people are ringing the register ahead of the fiscal cliff so they can pay a lower capital gains rate. there's another reason, though, back at the end of october, the company reported a fabulous quarter, with earnings coming in at 46 cents a share, 12-cent beat, same store sales up
so take 5-hour® energy. just open it up, knock it back and roll up your sleeves. 5-hour energy® is faster and easier than coffee... man, does it work! you'll get that alert, energized feeling you need to get stuff done... a lot of stuff. wow! look at you go. >>> if you believe the housing recovery is here to stay, take a look at lumber liquidators, ll for you home gamers. we're big fans of housing related here on "mad money." it's a major retailer of hardwood floors. the...
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the cheap energy and consistent energy in our country is remarkable. it is why -- >> stock's up 85% this year. >> they are coining money, david, i know you can say they are late with that but you get these major industrial companies taking advantage of lower energy costs in this country. it is a win for the american people. i'm try to be upbeat in the face of washington pulling us down every single day. >> upbeat tonight on "mad money," 6 and 11? >> brigs and stratton, machinery company. i got to tell you, i use a briggs and stratton energy to be able to power my house during the power outage. see you back here to >> all right, buddy. >> 6.5, the magic number, how let fed says the rate of unemployment has to get to before it even thinks about raising rates. what if we don't get there? we will explore what's at stake for your money. keep it here. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what t
the cheap energy and consistent energy in our country is remarkable. it is why -- >> stock's up 85% this year. >> they are coining money, david, i know you can say they are late with that but you get these major industrial companies taking advantage of lower energy costs in this country. it is a win for the american people. i'm try to be upbeat in the face of washington pulling us down every single day. >> upbeat tonight on "mad money," 6 and 11? >> brigs and...
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Dec 11, 2012
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. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfor
. >> more energy than any mere mortal. when we come back, senator mark warner, democrat of virginia, part of our special day, the long focus on the fiscal cliff, rise above d.c., and the opening bell in just about four minutes. >>> the there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive...
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will americans -- could americans see higher, you know, energy bills? >> oh, yeah, no doubt about it. the differential has gotten crazy, but it's been crazy for so long, people have gotten used to it. but i haven't. i remember 2005, 2006, 2007, not where we are now which is 35. and i think we're going to be back there again at some point. natural gas is the kind of commodity. it has a tremendous volatility attached to it. i think once you get some of this leasing action under control where it's not all haphazard everywhere and you get control on exactly how much is being produced, you're going to get a floor, you're going to see $5, $6, $7. the futures don't show that yet. even know for 2020, you've got futures prices only around $5 on mmbtu. but if you were a natural gas guy and tried to make a plant, you would buy all you could out there, but there's no volume out there. what you have is a disconnect between where i think they're going to go -- >> are you ever going to run out of gas? because i have a quick question. >> sure. >> never run out of gas.
will americans -- could americans see higher, you know, energy bills? >> oh, yeah, no doubt about it. the differential has gotten crazy, but it's been crazy for so long, people have gotten used to it. but i haven't. i remember 2005, 2006, 2007, not where we are now which is 35. and i think we're going to be back there again at some point. natural gas is the kind of commodity. it has a tremendous volatility attached to it. i think once you get some of this leasing action under control...
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listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today. here's the deal. i was there early on, i was wrong. down 6% is not bad but there is a lot worse just a couple weeks ago when it was down 12% from where i bought it. so it's recovering. >> you like it? >> i do like it. i own it still. i have shaved part of my position but i still own most of it. i went wrong thinking nat gas would help it more than it did. nat gas is only 20% of the company. other 80% is coal and i hate coal so i shouldn't have done it. i think the news in nat gas today is good news in potentially opening up for sale lng. >>> let's see what seema mody's working on? >> tons of special dividends bein
listen to what our own steve weiss said about consol energy. >> i like the mixture of gas, nat gas and also coal. i think that's still a very attractive name to play an much less tied to the cold cycle than some of the other companies. >> well, those shares have lost some energy since then. about 6%. getting a little bit of a bounce today as you can see. yesterday, weiss, that's going through your mind? i see that rye smile on your face? >> i should have called in sick today....
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>> well, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more workers? >> right now it's very frustrating that we don't have issues decided here. so, yes, we have plants that can be ramping up to supply in the defense industry. until we know with certainty what's going to happen with the cuts, we're not going to be hiring in those plants. >> we're going to bring in now howard dean, who i believe is joining us. thank you for joining us. i hope that you've also been listening to what dawn had to say. she's been basically saying it would hurt her company. it's already affecting her hiring decisions. it would hurt the defense industry as well. so why do you feel that goin
>> well, for us, we're a supplier not only to defense but also in the commercial markets, energy, and medical. it has already caused this uncertainty, roadw uncertainty, a reduction in the amount of work we're doing, and it's prevented us from hiring in some of our plants. >> you're holding back, then. you're holding back on hiring, waiting to see how this thing plays itself out. presuming they don't go over the cliff, they come to some agreement, does that mean you would hire more...
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Dec 7, 2012
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very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect romney to do that. you're not going to extend the bush tax cuts for the high end. >> for another minute. >> not even for a milliseconmil. >> the republicans want to bargain away and let taxes go up by the end of the year and have the big negotiations occur next year when the president will want even more increases in taxes. >> let me ask a different question and it's sort of the -- >> and then we got to go. >> here's the opportunity for the president to eclipse the whole thing, i don't think he's going to but he could eclipse the whole scene. let's not relitigate '01 and '03 let's bridge to tax reform and move fo
very poisoned the $600 billion problem when we have a multitrillion dollar problem where you want your energy placed. people are folding in longer-term fixes, right, that you can't agree with. you're never going to agree on the end of the year for them. why don't you put it off until next year and solve all of it in the context of a real multitrillion dollar renegotiation on what the long-term fiscal situation looks like? doesn't that make a lot more sense? >> you would have to elect...
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Dec 5, 2012
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energy stocks having a pretty good day. s&p is also up about seven points trading right now at 1,414. the nasdaq remains the laggard of the day. what an interesting day there it's been not only at nasdaq marketsite but an ipo that couldn't get out of the blocks. certainly what's taking place with shares of apple? let's throw up apple right here. the nasdaq rebounding a bit but apple shares having their worst day in about a year. a significant loss for that stock. $24-plus for shares of apple in the losing column today. let's hit the biggest "pops & drops" in midday trading. hp. it's popping. >> yeah. this company was the victim of hate bashing party a couple of weeks ago on the autonomy acquisition. i think it was the sentiment low in the stock. it's up here. i prefer dell over hp though. >> waste management. >> if you're looking for a pe that is appetizing, it is a 15-year. dividend is 4.4%. goldman sachs actually cleaning dawn in the trash area from conviction buy on one of the names also lifted this thing as well. >> ver
energy stocks having a pretty good day. s&p is also up about seven points trading right now at 1,414. the nasdaq remains the laggard of the day. what an interesting day there it's been not only at nasdaq marketsite but an ipo that couldn't get out of the blocks. certainly what's taking place with shares of apple? let's throw up apple right here. the nasdaq rebounding a bit but apple shares having their worst day in about a year. a significant loss for that stock. $24-plus for shares of...
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Dec 6, 2012
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energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of the adjustments that have already been made or have been in the process of being made have already done a lot of damage that we didn't need. we already shot ourselves in the foot on this one. in terms of housing, you know, the shadow inventory that's been tied up in litigation, we could see as many as 20 million of those come on the market in 2013. even though i agree with the guest, there's a lot of different forms of the housing market. some of them are going to be under pressure due to this avalanche of shadowed foreclosure in 2013. >>
energy is a wild card next year. that's what we should be allocating. >> rick, if we go over the fiscal cliff, you have to believe there will be a lot of hoarding of assets, sitting on money. maybe we get more action and fixed income. >> i think what nobody is talking about, you with allude to it constantly, and i'm in your camp. the damage is done. it's evident by many of these reports. even if they come up with a 13th hour settlement, even if they come up with good reform, some of...
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it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to china. not necessarily entirely the case. >> a lot of manufacturing jobs require a certain amount of math skill now that was not required 20 or 30 years ago. unfortunately we hear time and again from chief executives, they have hard time filling those fairly high level manufacturing jobs, high skill required manufacturing jobs. >> this is what ceo of general electric stressed in the jobs council for the president, listen up, mr. president. junior colleges is where you can make a difference. >> vocational skills. >> i don't feel it's -- look, washington is focused on different things across the b
it's energy costs so much lower than around the world. labor costs -- look at these labor rates. people are not working for much more money. there is slack in the system. it's a developing story. >> tim cook in yesterday's interview on rockcenter said it's the lack of manufacturing skills. they have to look overseas to manufacture their products. i thought that was interesting. there's a notion here in the united states that it's always about cheap labor. cheap labor. that's why you go to...
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energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybody is talking about apple once again down here, but there is a lot more happening at the nasdaq than just apple today. >> absolutely. but let's lead with apple. jeffries hitting the take. could see decelerating growth, negative, margin leverage. elsewhere in tech, we are seeing green across the screen. hp, rising speculation that carl icon is interested in the company. that stock is outperforming today. lastly, the tablet wars heating up. barnes & noble named as part of barons top ten favorite stocks for 2013. the nook reader unit is holding its own against amazon and apple and these developments are not reflected in shares of bks. that's why you can see barnes & noble trading around 6%. sue? >> seema, thanks. rick san tellry is tracking action at the 162 on ten-year. what are they watching today, ricky? >> once treasuries opened today, we did see that rates were l
energy stocks higher earlier, drifting lower, that has the dow's lead from the highs of the session. lastly we want to note that dovert corporation, took the stock down a couple of points. >> no t.o. the nasdaq now, everybody is talking about apple once again down here, but there is a lot more happening at the nasdaq than just apple today. >> absolutely. but let's lead with apple. jeffries hitting the take. could see decelerating growth, negative, margin leverage. elsewhere in tech,...
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Dec 13, 2012
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year over year ex-food and energy up 2.2%. the former up 1.5% is definitely a bit light 2.3% our last look. one could argue matches expectations. a little heavier than our last year over year look which was 2.1. you know if we look at the claims number it's 343,000. that is definitely a very big drop from an upperly advised 372,000. so you know, we're down 29,000 on initial claims. and we're getting back into a zone that we were kind of carving out before superstorm sandy. whether this number is back on track, and around all its distortions of holidays and storms and weather and whatnot, i can't say. but most people around me were shaking their head when they saw it. there's your litany of date to. there's still more to come. you got 170 handle on 10s. a 290 handle on 30s. and it seems like there's some major divergence going on between ten-year and boone which we haven't seen in awhile spread widening. back to you. >> so okay. we're going to -- i mean, you're -- you're pessimistic, too, about anything good happening. but we c
year over year ex-food and energy up 2.2%. the former up 1.5% is definitely a bit light 2.3% our last look. one could argue matches expectations. a little heavier than our last year over year look which was 2.1. you know if we look at the claims number it's 343,000. that is definitely a very big drop from an upperly advised 372,000. so you know, we're down 29,000 on initial claims. and we're getting back into a zone that we were kind of carving out before superstorm sandy. whether this number...
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Dec 6, 2012
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. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you can't power civilization on wind today has to do with economics and engineering. >> reporter: he points for history. >> one of the reasons why fossil fuels are cheap is that they have received large subsidies from the federal government. >> reporter: right now wind power gets a subsidy, too. $1 billion a year from uncle sam. but that could vanish december 31st when the country hits the fiscal cliff. to caldera, that's the short-run risk. in the long run, he sees a clear, if not political pristine, path to more reliance on wind power. >> i think we'll eventually get to the point where we
. >>> enough energy from wind to power the entire many times over? it is not the latest sci-fi flick. some experts say it is a real possibility but the industry faces a possible setback. its controversial tax credit could go over the fiscal cliff. >> when swind placed on the surface of the earth, you can get something like 20 times the amount of power that civilization now uses. >> reporter: ken caldera authored a new study that claims wind is the way. >> the wind you...
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fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different. if we go into recession or are go over the cliff, what do you think the survey results would look like? >> it's a great question, and, you know, of course, you can't get down to what those 18,000 employers would really say now because some still have demand and some would be less impacted and more impacted. we look at our clients and what they are trying to do right now. 27% in this survey said there would be no change, and the reason this number is high and higher than we've seen, they are holding their hands tight. okay. what do i do? don't know what to do, but we're hearing also, you know what, as your previous guest said if i had some certainty i would feel a little bit better about hiring some people and adding that cost on and until we get t
fiscal cliff didn't seem to have as much energy around t.each day that passes we're hearing from our clients, we're going to hold off and we have to make sure. it's really the quickness in which they can do this. >> i was going to ask you if you did that survey today, i wonder whether or not the hiring plans would be a little bit different. if we go into recession or are go over the cliff, what do you think the survey results would look like? >> it's a great question, and, you know,...
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freeport mcmoran, $9 million deal to diversify into energy, the world's largest copper producer, still a lot of interest in copper. they say their opinion on copper has not changed. retail investors looking to buy copper, buy gold as well. of course freeport is one of the world's largest producers of gold. they're doing it through the exchange traded products. the jjc for copper and gld for gold. copper prices nearly coming in to where gold prices are the last month or so as gold prices and gold holdings are at record levels. back to you. >> thank you very much, sharon. >>> let's get the trading action here. bob pisani is back with me. we were up 131 points. some news flashes out of washington about possible sequestration spending cuts from the omb. basically took the market off ifts best levels. held hostage again. >> we've got to get some action. if we don't see action we'll threaten sequestration. we did move up earlier in the day. there were very vague rumors that some republicans might be willing to break ranks and accept taxes for the wealthy, higher taxes for the wealthy. that o
freeport mcmoran, $9 million deal to diversify into energy, the world's largest copper producer, still a lot of interest in copper. they say their opinion on copper has not changed. retail investors looking to buy copper, buy gold as well. of course freeport is one of the world's largest producers of gold. they're doing it through the exchange traded products. the jjc for copper and gld for gold. copper prices nearly coming in to where gold prices are the last month or so as gold prices and...
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Dec 7, 2012
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energy stocks okay. tech, materials a tough week to the downside, weighed down by apple which lost about $50 so far this week. financials were the big gainers. big comments this week about job layoffs but most of those big names were up again today. these stocks have turned around here. bank of america now well north of $10. home builders having a very rare down week. but up a little bit here today. i anticipate 30% increase in orders next week. kb home also to the up side. horton announces a dividend acceleration earlier today. finally noting here, courtney just mentioned apple and there you see apple down -- apple was $585 at the start of the week. that's $50 off of apple this week. >> the dow is higher today. we'll go up town in a moment to the nasdaq and seema. could you imagine what the dow would be doing this week if the apple were in it? the dow is a price weighted index. >> that's why it would not be in it. they'll have to do some kind of split of apple to put it in there. $600 -- >> can you imag
energy stocks okay. tech, materials a tough week to the downside, weighed down by apple which lost about $50 so far this week. financials were the big gainers. big comments this week about job layoffs but most of those big names were up again today. these stocks have turned around here. bank of america now well north of $10. home builders having a very rare down week. but up a little bit here today. i anticipate 30% increase in orders next week. kb home also to the up side. horton announces a...
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Dec 10, 2012
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cnooc has been given the green light to acquire canadian energy company nexen for $15.1 billion. now, the cnooc deal is the one getting all the attention. here is why. it would give a huge china eeps state run enterprise a firm foothold in canada's oil sands. third only behind saudi arabia and venezuela. it was not an easy decision for the prime minister and his conservatives. he had to walk a fine line, appearing open to investments and diversifying canadian energy exports away from the u.s. but not appear to go be giving china control of northern albert ya's oil sands. so he will allowing the deal, but harper says this is not a garage sale and he will not give an approval the next time to foreign state observed enterprises. >> a series of large scale, controlling transactions by foreign state-owned companies could rap idealy transform this industry from one that is essentially a free market industry to one that is under the control of a foreign government. >> however, some are skeptical as to whether harper can keep his promise to shut out big investment from state-owned firms
cnooc has been given the green light to acquire canadian energy company nexen for $15.1 billion. now, the cnooc deal is the one getting all the attention. here is why. it would give a huge china eeps state run enterprise a firm foothold in canada's oil sands. third only behind saudi arabia and venezuela. it was not an easy decision for the prime minister and his conservatives. he had to walk a fine line, appearing open to investments and diversifying canadian energy exports away from the u.s....
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the amount of energy that's spent on trying to optimize your tax payment, as opposed to managing your business, is a tradeoff we shouldn't be making. so i agree with you entirely on that. i think the other piece of this is getting to entitlements. >> hmm. >> frits, want to thank you very much for coming in. >> my pleasure. >> coming up we're going to talk to an analyst about the surprising same-store sales numbers that we got from mcdonald's. plus jim cramer on other stocks you need to watch. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ welcome to the world leader in derivatives. welcome to sup
the amount of energy that's spent on trying to optimize your tax payment, as opposed to managing your business, is a tradeoff we shouldn't be making. so i agree with you entirely on that. i think the other piece of this is getting to entitlements. >> hmm. >> frits, want to thank you very much for coming in. >> my pleasure. >> coming up we're going to talk to an analyst about the surprising same-store sales numbers that we got from mcdonald's. plus jim cramer on other...
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Dec 12, 2012
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we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can -- that fracking can be just -- it's been done, by the way, i'm told, for 30 years. it can be done safely and rationally. some of the deep wells in the gulf, and it's certainly safer than sending hundreds of thousands of kids overseas to fight wars. so this could be -- it's safer than what? like that oil pipeline would have been safe in the alternative. we need to have rational policy and do what's right for america. it can be done cleanly. >> would you prefer a carbon tax? >> i would be for eventually over time have a rational incr
we didn't have a great energy policy. we're importing 50%, 60% of oil from overseas, from places that want to kill us. and now, the lord looked down upon us and has given us another chance. let's use it. that chance is unbelievable. exxon, the united states, everyone says by 2025, we're going to be energy self-sufficient in coal -- i mean, oil and natural gas. that will make america more competitive. it will reduce the geopolitical pressure. reduce the deficit. the experts tell me that you can...
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Dec 6, 2012
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and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good reasons. diamondback capital management, a fund run by richard shimmal and larry kipanzi. richard schimel is the e ex-brother in law. lock capital management. two of those had already closed. level global has closed, in fact one of us founders, andrew chasen is on trial right now. diamondback went down to about $2 billion, but as of this morning, that is no long ter case. the hedge fund saying that given redemption requests came in about 26% of total asset ors $520 million. it would be left with $1.45 billion apparently that's just not enough to run the successful hedge fund. they did have 140 or so people workin
and in terms of energy after the bearish fundamental data we got from the energy department yesterday, we're continuing to see a risk off trade in the energy complex here and we're continuing to watch more than a dollar slide here. there's a lot to look forward to, david, on this front with the opec meeting next week as well. back to you. >> thank you very much sharon epperson. >> we did want to note for the viewers, a fairly large hedge fund that was in the news for not good...
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Dec 12, 2012
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i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million barrels in the past week. and supplies rose by 3 million barrels in the past week. we are looking at prices coming off of their highs of the session. a big build across the board. that is likely to take oil prices and the rest of the petroleum complex off of the highs of the day. >> we want to check on shares of walmart, the world's largest retailer. underperformer compared to the peers as well, down 2.2% at this hour. ceo mike duke making comments last night to the council on foreign relations, saying one week after the elections, 25% of the core customers knew about the fiscal c
i'm sharon epperson with the latest report from the energy department on oil supplies. could oil supplies in the past week, they rose by 843,000 barrels, 843,000 barrels, that was an increase where many analysts had been anticipating a decline. but it was not as big a build as what the american petroleum institute reported last evening. the gasoline supply numbers, definitely one that surprised many traders. an increase of 5 million barrels in the past week. gasoline supplies rose by 5 million...
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Dec 8, 2012
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late today canada okayed the buyout of nexen energy by chinese energy giant c-nooc. this is a $15.3 billion deal, representing another foreign expansion of a chinese energy company. canada's ministry of industry said c-nooc agreed to "free market principles." the buyout offer for nexen came in july. in today's regular session, nexen was heavily traded as they fell 6.6%. but after the canadian okay, they jumped more than 14.5% in extended hours trading, to almost $27 per share. u.s. and british regulators still have to approve the deal. two years ago google offered six billion to buy daily deal website group-on before it went public. group-on's market value is half that tonight and bloomberg reports there's take-over speculation. the stock jumped 23% today. volume more than doubled. some of the buying also could be from traders who sold short the stock to profit as it was falling. four of the top five most actively traded exchange traded products were higher. the lone hold-out was the nasdaq 100 tracking fund, which includes apple. the fund was down 0.06%. and that's
late today canada okayed the buyout of nexen energy by chinese energy giant c-nooc. this is a $15.3 billion deal, representing another foreign expansion of a chinese energy company. canada's ministry of industry said c-nooc agreed to "free market principles." the buyout offer for nexen came in july. in today's regular session, nexen was heavily traded as they fell 6.6%. but after the canadian okay, they jumped more than 14.5% in extended hours trading, to almost $27 per share. u.s....
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i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be add that if you'relogical looking for energy independents you would keep some of the stuff here but i understand if you're looking at it from the prism of jobs this is something you want to tackle. >> we're a free trade country and part of it is you don't make a rule that says why can't regoing to say the food companies can't sell, can't export. you got to be willing to permit exports especially when as in the case here there aren't many things where the american price is a fifth of the world price. that's a huge opportunity. >> there was one line and i just want to throw it out to you that said they we
i didn't want to bring this up, even though doing so would raise energy prices. the report is expected to help shape the obama administration response to more than a dozen proposed pet projects. >> it's because it helps the economy and really helps the economy. >> you are a huge block, you're standing in the way of it. >> i've changed my mind about a month and a half, i got beat up by jack i think. >> by a lot of people. >> i still think there is an argument to be...
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also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to almost the same stimulus, the same motivation for the traders. and that's whether people need safe haven, whether they need to move to treasuries and other things. and it's the same issue here. when things look bad in the summer. when spanish rates are up about 7.6%, then everyone is fleeing to the dollar. you get a lot of long dollar positions in the currency markets. and all that happens is when that subsides, then those positions are unwound. you're not really looking at a new trend here. you're not seeing something that has changed traders' minds about whether the dollar i
also kevin book who is managing director at clear view energy partners. and joe, let's start off talking about the dollar. i can't make heads or tails of why the dollar is under so much pressure. i know things are bad here, we're worried about the fiscal cliff. but look at what's happening in europe and it doesn't really create a whole lot of feeling about why it should be at these levels. >> the dollar has been reactive. the dollar and euro have been reactive for four years now. to...
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energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll have to see how the economy evolves. since 80% of the declines in the index was about expectations for business conditions, and poor expectations for real growth, and your sales, that means that the small businesses are going to sit tight. they don't expect more customers so they're not going to hire, and that, of course, showed up. all the other components of the index stayed at recession levels. here we are at this very, very low level of optimism, consumer optimism tanked along with the owner optimism. and a lot of them
energy was three. six, seven and eight was all about taxes, and the loss of capital, the growth of business, and tax code complexity. i mean, those are -- those are important issues for the small businesses out there. no question about it. like to know something about what's going on. >> okay. so we go -- let's say that this is resolved, that what we have facing us, some way or another, do you expect that it will come off of these lows that you're seeing? >> well, i think that we'll...
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for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you cannot please all the people all the time, andrew. m exporting this research help the u.s. economy and help your customers in a better position to buy more of what you make? >> i would say to you, that is not a dow chemical conversation. that is a conversation for the country. if that does not get the right structure in this country, we will go to countries where we can and we do. liz: if they got approval, would you pull that texas investment. >> we can see exports coming out of this country off to a certain amount without affecting the price. one terminal does not cr
for an energy rich country, it pays the same as those in japan. liz: what would be the effect if this actually happened, if we started exporting if prices started to go up? >> at the end of the day the company will be fine. let the price of gas reaches the price of oil, then the investment that are on the books, $90 billion of other people's investment will disappear. that would be a tragedy in terms of job creation for this country. i don't think we should let that happen. liz: you...
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putting us in control of our energy future, now. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. that the west coast has been taking it on the chin, absolutely saturated from not just rain but a real deluge. i'm sorry to tell you, it's not going to last long. by saturday, you're going to get another round of storms. landslides now becoming a serious problem. chad myers now joining me live in atlanta. the reason we're talking land slides as well is because fires past are causing problems present. >> you bet. 1.6 million acres in idaho burned, mostly in the hills. 1.2 million acres burned mostly in washington and oregon. when the trees and brush burn off, there's no roots, the roots die and all of a sudden there's nothing holding the dirt back from becoming mud when we get rain like we've had and mudslides. 2012/13 winter may be known as the mudslide danger. if you have a burn scar above your home, you need to always pay attention when the rain comes in like it has. today is a day for a bre
putting us in control of our energy future, now. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. that the west coast has been taking it on the chin, absolutely saturated from not just rain but a real deluge. i'm sorry to tell you, it's not going to last long. by saturday, you're going to get another round of storms. landslides now becoming a serious problem. chad myers now joining me live in atlanta. the reason we're...